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Putin submits bill to parliament banning bank accounts abroad for officials

February 12, 2013, 12:12 UTC+3
In case these persons do have active accounts at foreign banks, they should close them within three months after taking a government job
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Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, February 12 (Itar-Tass) - Russian President Vladimir Putin submitted a bill to the parliament banning bank accounts abroad for officials. Under the document placed on the parliament's website, officials "cannot open or have accounts /deposits/, keep cash at foreign banks outside Russia, or have foreign securities." The bill also applies to civil servants in Russian regions, state corporation officials, members of the Central Bank's board, the prosecutor general's deputies, and the spouses and underage children of the above officials.

In case these persons do have active accounts at foreign banks, they should close them within three months after taking a government job, stop keeping cash at foreign banks, and transfer the ownership of foreign securities.

Non-compliance with these requirements by the officials is fraught with early dismissal.

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